14 Jul 2014 09:20:33 MDT Written by: Leann Tobin
Montrose, CO: Montrose Memorial Hospital has again been recognized as a top-ranked Community Value Provider by Cleverley + Associates. Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies, released the findings as part of its new publication: The State of the Hospital Industry – 2014 Edition.
MMH is part of a select and distinguished group of hospitals in the United States. Only two hospitals in the state of Colorado were honored with this award. Inclusion in the Community Value Leadership Award group speaks to the great value that MMH provides to our community. As healthcare value is increasingly discussed nationally, the Community Value Index (CVI) provides an objective assessment of the relative value a hospital provides. This accomplishment provides evidence that MMH has low costs, low charges, uses financial resources efficiently for reinvestment back into the provision of healthcare and also provides a high quality of patient care.
According to Cleverley + Associates; issues of pricing and community benefit have been well-publicized but little has been offered to measure the broad scope of value. In response, The CVI was first created to provide an assessment of a hospital’s performance in four areas; financial strength and reinvestment, cost of care, pricing and quality of care. It’s important to recognize that a large number of hospitals may perform well in one or two of the cores areas of the CVI; however MMH achieved strong performance in each of the four areas which ranks them in the top twenty percent of hospitals nationwide.